Home Fitness Industry Statistics [Fresh Research]

The home fitness industry has seen tremendous growth in recent years, as more and more people are looking for ways to stay fit and healthy without having to leave the comfort of their own home.

With this growth comes a wealth of data and statistics that can help us better understand the industry and its trends. In this blog post, we’ll take a look at some of the most interesting home fitness industry statistics and what they mean for the industry. We’ll also explore how these statistics can be used to inform your own home fitness business decisions.

Home Fitness Industry: Statistics Overview

Home fitness equipment sales have skyrocketed from $6.76 billion to over $9.49 billion in 2020, with the market settling around a more stable $8.62 billion by 2023.

This growth is due to a variety of factors, such as lack of time, low confidence, busy gym crowd, childcare, and a fear of lycra. People are increasingly turning to home gyms for their fitness needs.

The global home fitness market was valued at USD 11.3 billion in 2021 and is expected to grow at a CAGR of 4.9% from 2022 to 2030, with North America accounting for 45% of the market share.

This shows the potential for growth in the industry, as well as the current market share of North America.

Additionally, it highlights the impact of the COVID-19 pandemic and the surge in online sales for fitness equipment on the market. Lastly, it shows the potential for growth due to innovative products launched by prominent players.

The at-home fitness market has grown significantly since COVID-19, with major players offering tiered membership, free, and freemium models, as well as virtual groups.

The home fitness industry is adapting to the current pandemic and is finding ways to remain competitive and profitable. This is beneficial for the industry as a whole, as it allows them to continue to provide services to their customers and remain relevant in the market.

Home fitness offers comfort, convenience, variety, customization, and a cleaner environment than a gym, allowing for flexibility, stamina, and cardio and resistance training.

Home fitness is becoming increasingly popular due to its convenience and variety, and that it is becoming a more viable option for people looking to get fit.

This trend is likely to continue as gyms remain closed due to COVID-19, and it is important for those in the home fitness industry to be aware of this trend in order to capitalize on it.

At-home workouts are becoming increasingly popular due to the coronavirus pandemic, with Alo Moves, Aloyoga, and Volve offering fresh and varied workouts for people of all levels of fitness experience.

People are turning to at-home workouts as a way to stay fit and healthy during the pandemic.

Online workout programs provide a variety of features to help improve physical fitness, psychological health, and well-being, making them a great way to encourage motivation, stick to a routine, and reach fitness goals.

Online workout programs are an effective way to help people reach their fitness goals and improve their overall health and well-being.

It is important to replace high impact movements with low impact or slower movements when exercising at home.

People are not overdoing the level of activity, which could be harmful to their body. It also allows people to focus on technique and perform each exercise at their own pace, which is important for beginners who may not be used to the form of exercise.

Home workout mistakes such as not warming up, trying to do too much too soon, ignoring modifications, and jumping high and lifting heavy can lead to bad habits and decision fatigue, which can cause a lack of motivation.

It can lead to people not following through with their home workouts and not seeing the results they desire.

Home fitness has been around for centuries, but has become increasingly popular since the Covid-19 pandemic closed gyms around the world.

This demonstrates the growing demand for home fitness products and services, which has been driven by the pandemic.

Home workouts have been around for centuries, but the fitness industry really took off after World War II, with the invention of the television and people’s growing health concerns. In recent years, the focus has shifted to overall wellbeing, with mindfulness classes, online yoga and meditation groups, and live-streamed exercise classes.

This shows the evolution of the industry and how it has adapted to changing needs and interests over time.

It also provides insight into the current trends and preferences of home fitness enthusiasts, which can be used to inform marketing and product development strategies.

The global home fitness equipment market is expected to reach USD 14.2 billion by 2028.

The industry is likely to experience significant growth in the coming years. It is a valuable insight for anyone interested in the home fitness industry, as it provides a glimpse into the potential size of the market and the opportunities it presents.

The home fitness industry will experience a CAGR (Compound Annual Growth Rate) of 3.0% from 2021 to 2028.

This is an important piece of information for anyone interested in the home fitness industry, as it can help them to plan and prepare for the future.

The COVID-19 pandemic led to a 170% increase in sales for home fitness equipment in 2020.

The demand for home fitness equipment has skyrocketed in 2020, indicating that people are increasingly turning to home workouts as a way to stay fit and healthy during the pandemic. This statistic is a clear indication of the growing importance of the home fitness industry and the potential for further growth in the future.

The North American market for home fitness equipment is anticipated to witness the fastest growth during the forecast period.

The home fitness industry is growing and that more people are investing in fitness equipment for their homes. This is great news for the industry, as it means that more people are taking their health and fitness seriously and are willing to invest in the necessary equipment to help them reach their goals. This could lead to more people becoming more active and healthier, which is a positive outcome for everyone.

Treadmills made up 25.2% of the home fitness equipment market segment in 2020.

Treadmills are a major player in the industry, and that they are a preferred choice for many people looking to get fit in the comfort of their own home. This statistic is an important piece of information for anyone looking to gain insight into the home fitness industry.

In 2020, North America held 39.3% of the global market share for home fitness equipment.

The home fitness industry is thriving in the region, and that North Americans are increasingly turning to home fitness equipment to stay in shape. This is an important insight for anyone looking to gain a better understanding of the home fitness industry and its current state.

The online distribution channel for the home fitness equipment market is expected to grow at a CAGR of 5.5% during the forecast period.

The online distribution channel is likely to be a major driver of the industry’s expansion, providing an opportunity for businesses to capitalize on the increasing demand for home fitness equipment. As such, this statistic is essential for anyone looking to gain a better understanding of the home fitness industry and its potential for growth.

The global fitness equipment market is expected to reach nearly USD 15.2 billion by 2026.

This is indicative of the fact that more and more people are investing in home fitness equipment, which is a clear indication of the industry’s potential.

Female consumers accounted for 56.7% of the usage of home fitness equipment in 2020.

Women are increasingly taking charge of their health and fitness, and are investing in the necessary equipment to do so. This is an important trend to note, as it suggests that the home fitness industry is likely to continue to grow in the coming years.

In 2020, people in the age group of 26-35 years accounted for the largest share (33.8%) of the customer base for home fitness equipment.

The majority of people investing in home fitness equipment are in the 26-35 age group, which suggests that this age group is particularly interested in staying fit and healthy. This is an important insight for anyone looking to understand the Home Fitness Industry, as it provides a valuable glimpse into the motivations and preferences of the industry’s customer base.

Peloton Interactive’s revenue increased by USD 757 million between the years 2019 and 2020.

This demonstrates the company’s ability to capitalize on the growing demand for at-home fitness solutions, as well as its ability to effectively monetize its offerings. This impressive growth in revenue is indicative of the overall trend in the home fitness industry, and serves as a reminder of the potential for success in this sector.

Strength training equipment accounted for 24.7% of market share in 2020.

More and more people are investing in strength training equipment to stay fit and healthy from the comfort of their own homes. This is a clear sign that the home fitness industry is booming and that strength training is becoming an increasingly popular form of exercise.

The Asia-Pacific home fitness equipment market is expected to grow at a CAGR of 4.1% between 2021 and 2028.

The market is likely to experience steady growth over the next few years, providing a great opportunity for businesses to capitalize on the trend. This could be a great starting point for a blog post about the home fitness industry, as it provides a snapshot of the current state of the market and its potential for growth.

In 2020, Peloton’s US userbase surged to more than 4 million members, largely driven by COVID-19.

Even in the midst of a global health crisis, people are still looking for ways to stay active and healthy, and Peloton’s userbase has grown exponentially as a result. This statistic is a clear indication that the home fitness industry is thriving, and it serves as a reminder of the importance of staying active and healthy even in the midst of a pandemic.

Resistance bands and weights were the most popular home fitness equipment purchases during the COVID-19 pandemic, with 72% of surveyed consumers purchasing them.

People are taking their health and fitness into their own hands and investing in the necessary equipment to stay active and healthy from the comfort of their own homes. This statistic is an important indicator of the growing trend of home fitness and its impact on the industry.

59% of Americans preferred working out at home in 2020.

A majority of Americans are choosing to work out at home, rather than in a gym or other public space. This is a clear sign that the home fitness industry is booming, and that it is likely to continue to grow in the coming years.

Home fitness equipment sales generated around USD 2.3 billion in 2020.

Even in the midst of a global pandemic, people are still investing in their health and fitness. It’s a clear indication that the home fitness industry is here to stay, and that it’s an increasingly important part of the fitness landscape.

The market for home fitness apps is expected to reach USD 10.9 billion by 2026.

The industry is growing rapidly and is expected to reach a staggering USD 10.9 billion by 2026. This is a clear indication that the home fitness industry is a lucrative and profitable sector, and one that is worth investing in. This statistic is a valuable insight for anyone looking to gain a better understanding of the home fitness industry and its potential.

Conclusion

The home fitness industry is a rapidly growing sector that is expected to continue to grow in the coming years. With the rise of technology, more people are turning to home fitness solutions to stay in shape and stay healthy.

The industry is expected to reach $14.2 billion by 2024, with an annual growth rate of 5.4%. This growth is driven by the increasing demand for home fitness equipment, the rise of digital fitness solutions, and the growing popularity of home fitness apps. With the right strategies, businesses in the home fitness industry can capitalize on this growth and continue to thrive.

References

1 – https://www.noobgains.com/home-gym-statistics/

2 – https://www.globenewswire.com/news-release/2022/10/13/2534072/0/en/Home-Fitness-Market-Size-Will-Attain-USD-17-3-Billion-by-2030-growing-at-4-9-CAGR-Exclusive-Report-by-Acumen-Research-and-Consulting.html

3 – https://glginsights.com/articles/trends-in-the-at-home-fitness-market/

4 – https://sworkit.com/workouts/popular-2022-fitness-trend

5 – https://www.self.com/story/popular-at-home-workout-programs

6 – https://www.healthline.com/health/fitness/best-online-workout-programs

7 – https://www.coreconcepts.com.sg/article/problems-of-working-out-home/

8 – https://www.womenshealthmag.com/uk/fitness/strength-training/a36978333/home-workout-mistakes/

9 – https://www.bbc.com/worklife/article/20200504-covid-19-update-quarantine-home-workouts-during-coronavirus

10 – https://www.thane.ca/blogs/fitness/the-history-evolution-and-future-of-home-workouts

11 – https://www.businessinsider.com.au

12 – https://www.echelonfit.com

13 – https://www.globenewswire.com

14 – https://www.reportsanddata.com

15 – https://www.prnewswire.com

16 – https://dandoprojects.com

17 – https://www.grandviewresearch.com

18 – https://www.parksassociates.com

19 – https://www.macrotrends.net

20 – https://www.cnbc.com